The millennial disruption touches every industry bringing in huge changes, inspiring innovations to do things differently and interestingly. This changing approach brings in a completely different perspective into four very important niches; travel, hotels, restaurants & hospitality as engaging the millennial becomes increasingly difficult. Closely interconnected with the other niches, hospitality caters to a variety of individuals. The wanderer, the business traveler or even the socialites, compel a new era of hospitality management with entirely different expectations & personalized preferences in contrast to what had been happening earlier.
Interesting Estimates
• The Millennials would start spending more than $ 1 trillion per year by 2020 in travel & hotel stays
• The Millennials make up about 30% of the guests being accommodated in hotels currently
• This number is likely to cross the 50% mark by the end of current decade
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